Permits have been filed for a seven-story residential building at 51 Franklin Avenue in Bedford-Stuyvesant, Brooklyn. Located between Park Avenue and Flushing Avenue, the lot is within walking distance of the Flushing Avenue subway station, serviced by the G train. Zelig Weiss of Riverside Developers is listed as the owner behind the applications.
Demolition is progressing at 1 Park Row, the site of a 23-story mixed-use building in the Financial District. Designed by Fogarty Finger Architects and developed by Circle F Capital, the 103,000-square-foot structure will yield 58 condominiums in one-, two-, and three-bedroom configurations, along with 19,000 square feet of commercial office and retail space on the lower levels. MJM Associates Construction LLC is the general contractor and 1 Park Row Development LLC is the owner of the property, which sits at the intersection of Park Row and Ann Street. 1 Park Row received a $90 million construction loan from Los Angeles-based Parkview Financial last summer.
Acacia Network and Phipps Houses recently celebrated the grand opening of Santaella Gardens, a 249-unit affordable housing property in the Soundview section of The Bronx. Located at 1230 Metcalf Avenue, available homes are reserved for individuals and households earning between 30 percent and 90 percent Area Median Income (AMI), as well as 25 units for the formerly homeless.
Permits have been filed for an eight-story residential building at 1688 Weeks Avenue in Concourse, The Bronx. Located between East 173rd and East 174th Streets, the lot is near the 174th-175th Streets subway station, serviced by the B and D trains. Simcha Ludmir under the Weeks Capital Associates LLC is listed as the owner behind the applications.
Work is nearing full completion on 111 West 57th Street as construction wraps up on the lower podium section of the 1,428-foot residential supertall in Midtown, Manhattan. Designed by SHoP Architects and developed by JDS Development, Property Markets Group, and Spruce Capital Partners, the 84-story skyscraper will yield 60 condominiums designed by Studio Sofield and marketed by The Corcoran Group. WSP is the structural engineer, Jaros, Baum & Bolles is the MEP engineer, R&R Scaffolding Ltd. provided the building maintenance unit (BMU) sitting atop the crown, RWDI consulted with the design of the dampening system, and BuroHappold Engineering is the façade consultant for the tower, which is located between Sixth and Seventh Avenues on Billionaires’ Row.